Cargosol Logistics (BOM:543621) Debt-to-Equity : 0.94 (As of Sep. 2023)

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What is Cargosol Logistics Debt-to-Equity?

Cargosol Logistics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹166 Mil. Cargosol Logistics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹91 Mil. Cargosol Logistics's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹274 Mil. Cargosol Logistics's debt to equity for the quarter that ended in Sep. 2023 was 0.94.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Cargosol Logistics's Debt-to-Equity or its related term are showing as below:

BOM:543621' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.94 Med: 1.41 Max: 1.87
Current: 0.94

During the past 4 years, the highest Debt-to-Equity Ratio of Cargosol Logistics was 1.87. The lowest was 0.94. And the median was 1.41.

BOM:543621's Debt-to-Equity is ranked worse than
66.67% of 882 companies
in the Transportation industry
Industry Median: 0.57 vs BOM:543621: 0.94

Cargosol Logistics Debt-to-Equity Historical Data

The historical data trend for Cargosol Logistics's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cargosol Logistics Debt-to-Equity Chart

Cargosol Logistics Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

1.87

1.77

1.41

0.94

Cargosol Logistics Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			1.77	1.41	N/A	0.94	0.94

Competitive Comparison of Cargosol Logistics's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Cargosol Logistics's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cargosol Logistics's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Cargosol Logistics's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cargosol Logistics's Debt-to-Equity falls into.

Cargosol Logistics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cargosol Logistics's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(139.955	+	111.48)	/	267.902
	=	0.94

Cargosol Logistics's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(166.176	+	90.841)	/	273.91
	=	0.94

Cargosol Logistics (BOM:543621) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Cargosol Logistics Debt-to-Equity Related Terms

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Cargosol Logistics (BOM:543621) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Cargosol Logistics Ltd (BOM:543621) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sahar Road, 502, Swaroop Arcade, Andheri (East), Mumbai, MH, IND, 400099

Website

https://www.cargosol.com

Cargosol Logistics Ltd is a complete 3 PL (third-party logistics) service provider, delivering end-to-end solutions in the logistics and supply chain domain involving multimodal transport operations, owning and operating container, sea and air freight, transportation, warehousing, custom clearance services and handling of project cargo.

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